STATE BUDGET REVENUE TOPS VND829 TRILLION IN Q1

Stacks of Vietnamese banknotes are seen at a local bank - PHOTO: LE VU

• State budget revenue rises 13.1% in Jan–Feb

HCMC – Vietnam’s state budget revenue in the first quarter of 2026 amounted to an estimated VND829 trillion, equivalent to 32.8% of the year’s target and up 11.4% year-on-year, according to the Ministry of Finance.

Domestic revenue continued to anchor state finances, totaling around VND740.7 trillion, up 12.5%.

Net revenue from import and export activities, after value added tax refunds, was estimated at VND77.4 trillion, up 7.6%, while revenue from crude oil exports was around VND11.2 trillion, down 15.8%.

On the spending side, cumulative state budget expenditure in the first quarter was put at VND530.1 trillion, equivalent to 16.8% of the annual plan and up 23.1% from a year earlier.

Development investment spending reached VND116.1 trillion, with a disbursement rate of 11.5% of the target assigned by the prime minister.

In addition, the Government allocated VND8 trillion to the fuel price stabilization fund from higher central budget revenue in 2025, aiming to help steady domestic fuel prices, support inflation control and maintain macroeconomic stability.

Source: The Saigon Times